In preparation for Metso’s planned demerger, the company's board of directors has approved the proposed formation of a new Valmet Corporation.

In preparation for Metso’s planned demerger, the company's board of directors has approved the strategy, organization, and financial targets for the proposed formation of a new Valmet Corporation*.

Valmet will focus on delivering technology and services globally to industries that use bio-based raw materials. Valmet’s stated vision is to become the global champion in serving its customers, and its mission is to convert "renewable resources into sustainable results."

Valmet’s main customer industries are pulp, paper, and energy. Valmet expects to complement its core business by applying its technology and know-how to industries beyond biomass, particularly in the energy sector.

Valmet’s product and service portfolio consists of productivity-enhancing services, plant upgrades and rebuilds, new cost-efficient equipment and solutions for optimizing energy and raw material usage, and technologies increasing the value of its customers’ end-products.

*Pending the approval of the Metso EGM to be held on October 1, 2013, and registration of the demerger.